News / Construction

Egypt Needs 600,000 Residential Units Annually – Madbouly

Housing Minister Mostafa Madbouly said Egypt is in need of 600,000 residential units per annum to accommodate its increasing population, with expectations for the figure to rise in the future to one million units

Gov’t to Construct 15,480 Housing Units in 7 Cities

The Ministry of Housing is constructing 15,480 residential units as part of the third phase of Dar Misr in new seven cities

New Al-Alamein City To Be Launched Soon

In celebration of the 75th Anniversary of the Al Alamein Battle, Minister of Housing Mostafa Madbouly visits the- soon- to- be- inaugurated New Al Alamein City

Egyptian Iron and Steel Suffers EGP 750.26 mn losses in FY2016-17

Egyptian Iron and Steel posted a 21.9% year-on-year rise in losses for FY2016-17

Gov’t to Build 15 Towers in New El Alamein City

The Egyptian government will start developing new construction projects in the New El Alamein City, located on the western side of the North Coast

Gov’t, Palm Hills Partner to Develop EGP 150 bn October Oasis

The Ministry of Housing, represented by the New Urban Communities Authority (NUCA), signed on Monday, September 11, a partnership agreement with Palm Hills Developments for a new development project

Orascom Construction’s Unit Finalises Large Student Housing Project in US

Orascom Construction Limited says its wholly-owned subsidiary completed a large student housing development in the US, Invest-Gate reports.

Construction Works at Grand Egyptian Museum Reach 70%

Construction works at the Grand Egyptian Museum project are 70% completed, Invest-Gate reports.

Sisi Approves Joint Company Between DP World, SCZone Authority

Egyptian President Abdel-Fattah El Sisi is agreeing to establish a joint firm to carry out development projects in the Suez Canal Economic Zone, Egynews reports.

Garhy Steel Plans IPO in Q1 of 2018 

Egyptian steel manufacturer Garhy Steel is planning to offer 25% of its shares in the Egyptian Exchange (EGX) during the first quarter of 2018, Invest-Gate reports.

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